Electricity Rates in Grand Island, NE

The average residential electricity rate in Grand Island is $0.11 per kilowatt-hour (kWh), which is 31% below the national average of $0.16/kWh. The average monthly electric bill for Grand Island homeowners is approximately $105.

With solar panels, Grand Island homeowners can reduce their electricity costs by approximately 76%, saving around $80 per month or $26,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Grand Island area include Omaha Public Power District, Nebraska Public Power District, Lincoln Electric System. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Grand Island and across Nebraska have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.